BitShares X if it eventually is able to do what it says on the tin, will have a system that's more decentralised but with enough trust (knowing who will produce next block) that they can handle MasterCard/Visa volumes and process them incredibly rapidly. More importantly you will 'hopefully' be able to hold BitUSD or BitGold on a blockchain. So it's not a shitcoin, more like the - 'could change everything coin' so I guess actually you could call it 'the shit' coin
Did you confuse something?
This actually sounds like Nxt.


Yeah sure, choose NXT - If you like a system that's >10X slower, >10X more expensive with <1/2 the features
http://wiki.bitshares.org/index.php/Why_choose_Bitshares%3F Check out the comparison chart - it's still a work in progress but I think BitShares' new DPOS Blockchain is superior.
(NXT is actually my third biggest holding after Bitcoin & BitShares related stuff though...)